Alright, we’re declaring it. The economy has begun its recovery.
For the first time since the recession began, total consumer credit grew in January.
The first row shows total consumer credit. The second row is revolving, and the third row is nonrevolving. As you can see, revolving consumer credit is still waning.
Here’s a chart showing total credit on a sequential basis.
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See Also:
- WHOOSH: Consumer Credit Drops For 11th Straight Month
- Consumer Credit Plunges Record 8.5% In November
- Consumer Credit Falls For Ninth Straight Month